Miguel,a Widower Whose Wife Died in Year 1,maintains a Household

question 13

Multiple Choice

Miguel,a widower whose wife died in year 1,maintains a household for himself and his daughter who qualifies as his dependent.Miguel did not remarry.What is the most favorable filing status that Miguel qualifies for in year 3?

• A)Single.
• B)Qualifying widower.
• C)Head household.
• D)Married,filing separately.

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Definitions:

Controlling Interest

A significant shareholding in a corporation that provides the shareholder with the ability to influence or control decision-making processes.

Carrying Value

The recorded net value of an asset or liability on a company's balance sheet, considering factors like depreciation or amortization.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Equity Method

An accounting technique used to record investments in other companies by recognizing the investor's share of the investee's profits or losses.